Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

CIF flags risks to commissions on top-up loans

by Charbel Kadib • 9 Dec 2019

Commissions paid to brokers on top-up loans may be deemed “conflicted remuneration” under the current drafting of...READ MORE

NZ brokers should prepare for best interests duty

by Annie Kane • 9 Dec 2019

Brokers operating in New Zealand need to prepare for the potential introduction of a best interests duty in New... READ MORE

AFG introduces ‘appropriate’ home loan protocol

by Hannah Dowling • 9 Dec 2019

The mortgage aggregator has introduced a new process for loan applications that requires both brokers and consumer to... READ MORE

New business finance training program launches

by Annie Kane • 9 Dec 2019

A former broker has teamed up with a training specialist to launch a new business finance certification program that... READ MORE

Broker launches online lending marketplace

by Malavika Santhebennur • 6 Dec 2019

A former commerical broker has launched a new private property online lending marketplace that enables real estate... READ MORE

AFG appoints WA sales manager

by Malavika Santhebennur • 6 Dec 2019

Mortgage aggregator AFG has appointed Anita Lindsay to the role of sales manager for Western Australia.

Brokers urged to help ‘stressed’ SMEs

by Hannah Dowling • 6 Dec 2019

Non-bank SME lender Prospa has again highlighted the opportunity that the holiday season brings for brokers to assist... READ MORE

Lender to pull externally funded loans

by Charbel Kadib • 5 Dec 2019

A lender has announced that it will no longer offer credit products funded by third parties.

Industry united in push for clawback overhaul

by Charbel Kadib • 5 Dec 2019

The broking industry has doubled down on its push to revise existing clawback arrangements, with one industry... READ MORE

Brokers share their lender experiences in new initiative

by Annie Kane • 5 Dec 2019

A new knowledge-sharing initiative that asks brokers to share the experiences they have with lenders in order to... READ MORE

TMB announces fixed rate changes

by Hannah Dowling • 5 Dec 2019

The mutual bank has announced reductions of up to 102 basis points on fixed rates for new borrowers, with some products... READ MORE

Mortgage arrears fall, to remain low: S&P

by Reporter • 5 Dec 2019

Home loan delinquencies declined over the past quarter and are set to continue falling in response to rate cuts,... READ MORE

Advisers slam 'totally impractical' broking reform agenda

by Charbel Kadib • 4 Dec 2019

A financial advisers association has issued a strong warning against the premature implementation of best interests... READ MORE

‘Easing’ credit conditions trigger fall in broker market share

by Charbel Kadib • 4 Dec 2019

Broker market share slipped over the past quarter, which, according to the MFAA, coincided with an easing in credit... READ MORE

Aussie welcomes new state manager

by Hannah Dowling • 4 Dec 2019

The major brokerage has announced the appointment of a new state manager for Queensland, effective... READ MORE

Pre-Christmas cash rate revealed

by Charbel Kadib • 3 Dec 2019

The central bank has announced its final cash rate decision for 2019, following its monthly monetary policy board... READ MORE

Best interests duty should apply to all products: AFCA

by Charbel Kadib • 3 Dec 2019

The best interests duty should be extended to “all financial products and services recommended by a mortgage... READ MORE

ANZ waives LMI for high-earning professionals

by Hannah Dowling • 3 Dec 2019

The major bank has announced a new policy that will enable accountants and lawyers to access 90 per cent LVR mortgages... READ MORE

Virgin Money drops fixed rates

by Hannah Dowling • 3 Dec 2019

The non-bank lender has lowered fixed rates by 10 bps across owner-occupier principal and interest... READ MORE

International broking federation welcomes new member

by Reporter • 3 Dec 2019

An Irish broking industry association has been welcomed as a new member of the International Mortgage Brokers... READ MORE

Mark Haron, Peter White, Sam White, andMike Felton

Industry to continue engagement on best interests duty

by Annie Kane • 2 Dec 2019

Several industry heads have suggested that more engagement is needed to ensure that the new best interests obligation... READ MORE

Ex-CBA employee found not guilty

by Hannah Dowling • 2 Dec 2019

A former CBA employee has been found not guilty of conspiracy to commit fraud against the major bank, following a... READ MORE

New car loan application technology launches

by Hannah Dowling • 2 Dec 2019

Privately owned automotive finance group Ausloans Finance Group has rolled out a new loan application technology for... READ MORE

FHB deposit scheme to roll out broker portal

by Hannah Dowling • 29 Nov 2019

The First Home Loan Deposit Scheme will rely on applications being lodged through participating lenders and brokers,... READ MORE

ABA calls for action on financial abuse

by Hannah Dowling • 29 Nov 2019

The national association, in conjunction with older persons advocacy groups, is calling on governments to establish a... READ MORE

Loan Market recruits AFG BDM

by Malavika Santhebennur • 29 Nov 2019

The mortgage brokerage has brought Tim McKenzie on board in a new role to help drive network growth.

Government legislates ban on conflicted remuneration

by Charbel Kadib • 28 Nov 2019

The federal government has officially introduced legislation to ban the payment of conflicted remuneration to mortgage... READ MORE

Best interests duty bill released

by Annie Kane • 28 Nov 2019

The updated best interests duty bill for mortgage brokers has been tabled in Parliament, outlining the role brokers... READ MORE

Millions of AFG shares offloaded by founders

by Charbel Kadib • 28 Nov 2019

Two AFG co-founders and directors have reduced their stake in the aggregator, selling approximately 11 million shares... READ MORE

Business Growth Fund officially launches

by Annie Kane • 28 Nov 2019

The Business Growth Fund has officially been established, with the big four banks all committing $100 million to help... READ MORE

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